Specialization of labor means that _____
A) production requires a special kind of labor.
B) the overall skill level of labor is increasing.
C) individuals produce goods other than those they want to consume.
D) individuals achieve self-sufficiency in production.
E) exchange within an economy consists of trading services.

Question

Quizplus · Accepted Answer

Specialization of labor refers to the practice where individuals focus on a limited scope of production or services, producing goods or services other than those they personally consume, which then necessitates trade to acquire their diverse needs and wants.

Specialization of Labor Means That _____